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Dec 4, 2012
12/12
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. >> what if the fiscal cliff talks goes down what impact will that go on consumer spending. >> if our tax go up and our expenses go up, then we have less discretionary income and 70% of the u.s. economy is driven by the consumers, by us. so that is really important that we absolutely focus on economic growth and don't penalize the consumers going forward. >> so you're saying it would have an impact on your business? >> i think it absolutely would because if our discretionary income is going to be less and we're paying more tax we will have less discretionary income for things like everything. including aublings. >> so what kind of contingency plan is ford making in case we do go over the cliff? >> well, our plan has always been to match our production to the real demand. and we have a very flexible manufacturing system. so you know, if we didn't get this solved and we didn't have as many sales, we would lower our production to meet that real demand like we have in the past. >> looking to the new year, the business environment, consumer sentiment, how are things shaping up for ford? >>
. >> what if the fiscal cliff talks goes down what impact will that go on consumer spending. >> if our tax go up and our expenses go up, then we have less discretionary income and 70% of the u.s. economy is driven by the consumers, by us. so that is really important that we absolutely focus on economic growth and don't penalize the consumers going forward. >> so you're saying it would have an impact on your business? >> i think it absolutely would because if our...
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i think though if the market saw there was at least a down payment on the fiscal cliff, something agreed to be picked up after the first of the year, i think equity prices would be eleased. if we see more polarization leading into the end of the year without any sign of anything getting done, i think that would weigh on equity prices. tracy: talk about what we should be doing because i think we're all kind of the notion this will not happen until december 31st, what could we do before that? should i move maybe my dividend paying stocks into my retirement account? >> you can do that under subject of limitations how much you can put into a retirement account in any given year and predicated whether you work for employer or are self-employed. that is one avenue, if you will of sheltering those growth stocks from taxation at some later point. it isn't going to do much to help you this year, in order to do that you would have to sell them and move the cash into the tax sheltered vehicle. but that said, i think it is prudent anytime to consider where you have sizable capital gains, taking some
i think though if the market saw there was at least a down payment on the fiscal cliff, something agreed to be picked up after the first of the year, i think equity prices would be eleased. if we see more polarization leading into the end of the year without any sign of anything getting done, i think that would weigh on equity prices. tracy: talk about what we should be doing because i think we're all kind of the notion this will not happen until december 31st, what could we do before that?...
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you have to fiscal cliff coming up. you still have it issues in europe. so, you look at all these things, if you are an investor, you are saying, oh, my gosh, do i keep waiting, do i invest? volatility is here to stay. they need to be invested. lori: i always feel like there are so many things. jill politics to global economy. there are constantly influencing investors. you have to look at what is going on in china. for example, better economic news in asia. it is not, you cannot put blinders on anymore. >> that is exactly correct. what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and
you have to fiscal cliff coming up. you still have it issues in europe. so, you look at all these things, if you are an investor, you are saying, oh, my gosh, do i keep waiting, do i invest? volatility is here to stay. they need to be invested. lori: i always feel like there are so many things. jill politics to global economy. there are constantly influencing investors. you have to look at what is going on in china. for example, better economic news in asia. it is not, you cannot put blinders...
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Nov 29, 2012
11/12
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FBC
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poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just sit back, relax. the fiscal cliff is not a big deal. i'll quote one here. it's unlikely all of these bad things happen or stay in effect for an extended period of time. pundits call if the fiscal cliff smoke that is, instead o a cliff, the rising support for junking the fiscal approach as confusing and renaming it the austerity crisis or bomb. that's it. according to the u.s. news and world report, give the cliff another name, and that would change the entire impact on its problems. the reality, though, is this. you'll pay higher taxes in all likelihood consider th
poop on everything, and, today, i'm concerned about the fiscal cliff. in the past two days, two very well-connected professional money managers have spoken to me about their trepidation their clients have about the expiration of the bush tax cuts and the cut backs on spending. money is worried, concernend many are selling as you've seen. to read the stories of the press on the fiscal cliff, well, you'd think change is on the horizon just 33 days away, well, it doesn't maer much. in fact, just...
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Dec 5, 2012
12/12
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CNBC
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cramer is keeping you one step ahead of the fiscal cliff fiasco. tonight he is getting a read on the regionals the ceo of a national bank. to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. n you take a closer look.... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. presc
cramer is keeping you one step ahead of the fiscal cliff fiasco. tonight he is getting a read on the regionals the ceo of a national bank. to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. n you take a closer look.... ...at the best schools in...
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Nov 30, 2012
11/12
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CNNW
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on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> didn't take very long for democrats to hit back at speaker boehner. senate majority leader harry reid got up, a little personal. >> i don't understand his brain, so you should ask him. >> i don't understand his brain. let's go to washington this morning. wow, just when we thought they were getting closer seems like they're even farther apart this morning. >> yeah, you know, the nice
on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction....
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Dec 2, 2012
12/12
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CNBC
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especially if really things settle down in the fiscal cliff debate. >> this is countertrench rate. if you are doing a spread you want it to be a spread. the second thing is you don't want to risk a lot to make a little bit. mike is not doing that. he has almost a coin flip which is what you want to do. again, a counter trend trade. >> one more time here on the stocks versus options button. that could be priceless, as in you could lose all your money. shorting any stock carries unlimited risk. mike's call spread sale can make money and defines the risk to just $300. not bad. our thanks as always to carter braxton worth. got a question send us a tweet. the address is @cnbcoptions. we'll answer it in our web extra right after the show on our website you'll find trade updates and great trader blogs, as well. >>> coming up next which of these stocks do options traders see you paying a special dividend? scott nations will name names. here is what else is coming up. >>> you can call him an apple genius. mike's trade made money whether the stock went up, down or nowhere at all. how did he
especially if really things settle down in the fiscal cliff debate. >> this is countertrench rate. if you are doing a spread you want it to be a spread. the second thing is you don't want to risk a lot to make a little bit. mike is not doing that. he has almost a coin flip which is what you want to do. again, a counter trend trade. >> one more time here on the stocks versus options button. that could be priceless, as in you could lose all your money. shorting any stock carries...
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Dec 7, 2012
12/12
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WBAL
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consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >
consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were...
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potential impacts they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with those details from washington. >>> lynn, good morning. good morning, everyone. the president spent time with a family who answered a call from the white house. the question was what would you do if you had to pay another $2200 in taxes. that's what the white house says will be the average impact on middle class families if they don't work out avoiding this fiscal cliff. the president sat down with a couple, a teacher, a man who works at an auto dealership. they live with her family. the family says they're looking at a couple month's rent if they have to pay more taxes. the president reiterated he absolutely will not sign any deal that does not increase taxes on the wealthy in this country. he said the problem is solvable. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: now in a
potential impacts they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with those details from washington. >>> lynn, good morning. good morning, everyone. the president spent time with a family who answered a call from the white house. the question was what would you do if you had to pay another $2200 in taxes. that's what the white house says will be the average impact on middle class families if they don't work out avoiding this fiscal...
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Dec 6, 2012
12/12
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FOXNEWS
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the fiscal cliff is bearing down on us. they might settle 0* reece's pieces in the senate cafeteria for a special screening of lincoln. we will keep you posted on these developments. >> stop getting on youtube so you can see "gangnam style." and start using the precious social media skills to go out and sign people up on this baby. three people a week. let it grow. >> did you ever think this is what rome looked like in its final days? it is arguably the best fiscal video i have ever seen. the 81-year-old former debt commission co chair is shaking his money maker in hopes of getting young people engaged in the set issue. since it is teaming up with a group called the can kicks back. nick, were you the can? >> no, that was my colleague, ryan. he got the short stick on that one. >> i don't think so. i would have paid dearly for that spot. your point is what with this wake up young people to help with an issue. you guys really are going to get the bill. >> we know debt is not the sexiest issue for our generation, but it is the
the fiscal cliff is bearing down on us. they might settle 0* reece's pieces in the senate cafeteria for a special screening of lincoln. we will keep you posted on these developments. >> stop getting on youtube so you can see "gangnam style." and start using the precious social media skills to go out and sign people up on this baby. three people a week. let it grow. >> did you ever think this is what rome looked like in its final days? it is arguably the best fiscal video i...
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. >>> also stay tuned this country is one step closer to falling off the fiscal cliff this morning. while the major players are still not sitting down to talk, there's some good news believe it or not this morning. here is suzanne mcginnis. >> social security workers marched outside they're office in baltimore wednesday. they're protesting the governments cuts to kick in at the end of the year. sdmrsz -- >> we don't want to see our public hurt. >> just down the road in washington dc the stand off continues. house speaker john boehner said he's still waiting for president obama to make his next counter offer to the republican plan he rejected. >> i'm going to need a response from the white house. we can't negotiate with ourselves. >> the president and boehner spoke on the phone wednesday. republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person here at capitol hill or at the white house there will be no deal without a compromise on taxes. >> i'm obsession to raise taxes is not going to solve the
. >>> also stay tuned this country is one step closer to falling off the fiscal cliff this morning. while the major players are still not sitting down to talk, there's some good news believe it or not this morning. here is suzanne mcginnis. >> social security workers marched outside they're office in baltimore wednesday. they're protesting the governments cuts to kick in at the end of the year. sdmrsz -- >> we don't want to see our public hurt. >> just down the road...
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Dec 7, 2012
12/12
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WUSA
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. >>> we are counting down and we are now 24 days away from falling off that fiscal cliff. neither the republicans nor the democrats are backing down from their demands. neither side seems willing to take the first step toward real negotiations. >> even on tv they're saying publicly. the president says they are prepared to go over the cliff if the republicans don't agree to end the tax cuts for the healthiest americans. the republicans believe their counteroffer of closing loopholes and limiting deductions is the way to go. one family from falls church is one of many that will be hit very hard for the cuts are not extended. >> a couple thousands dollars means a couple months rent for this family. for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> at a senate hearing yesterday, there was a economist that backed the republicans' plan. he cannot imagine anyone looking at the president's proposal and arguing it wouldn't send the country into reces
. >>> we are counting down and we are now 24 days away from falling off that fiscal cliff. neither the republicans nor the democrats are backing down from their demands. neither side seems willing to take the first step toward real negotiations. >> even on tv they're saying publicly. the president says they are prepared to go over the cliff if the republicans don't agree to end the tax cuts for the healthiest americans. the republicans believe their counteroffer of closing...
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Nov 29, 2012
11/12
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CNBC
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this is going to go right down to december 21st in avoiding the fiscal cliff. don't think anything differently. >> today one of the streets most bullish market watchers is is making a pretty bold prediction saying the s&p 500 is going to rally 17% by the end of next year. tony dwire joins us now. good to have you. >> thanks. >> i'm wondering how you're dealing with your predictions and your forecasting on the markets when you have such gyrations due to what's going on with the fiscal cliff. >> well, truthfully, you know, hopefully what makes me a little bit different on the street, i really try not to guess. what they're going to say, it's impossible. what i fall back to is what's the tactical outlook? we had a nice 5% move off of that low. our view is you've always retested that kind of intermediate term low. we're looking for a little pullback. ultima ultimately, don't fight the fed and don't fight the tape. when i talk to people, you kind of think about it. why isn't it follow the fed or follow the tape? because every cycle we think the fed is not going to d
this is going to go right down to december 21st in avoiding the fiscal cliff. don't think anything differently. >> today one of the streets most bullish market watchers is is making a pretty bold prediction saying the s&p 500 is going to rally 17% by the end of next year. tony dwire joins us now. good to have you. >> thanks. >> i'm wondering how you're dealing with your predictions and your forecasting on the markets when you have such gyrations due to what's going on with...
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Dec 5, 2012
12/12
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. >> what don't they know about the fiscal cliff? >> they look to be down 10%. >> we'll watch it. as people know in this market, many times the stock price has been going up. we'll keep an eye on this. it may be throwing people. what does it say about copper overall and the price of the metal. >> i worry, by the way, watch energy 21. this is exxi. another company that bought old properties. one of the things that's happening that's driving this, okay, is that there's new technology. american technology that's able to access oil that the big guys have given up on whether it be exxon given up on energy 21 has or bp and it turns out that these fines may have been bigger so pxp takes advantage of the fact there's new technology. pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs
. >> what don't they know about the fiscal cliff? >> they look to be down 10%. >> we'll watch it. as people know in this market, many times the stock price has been going up. we'll keep an eye on this. it may be throwing people. what does it say about copper overall and the price of the metal. >> i worry, by the way, watch energy 21. this is exxi. another company that bought old properties. one of the things that's happening that's driving this, okay, is that there's new...
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Nov 29, 2012
11/12
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KRON
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cliff. the president is trying to hammer things down. there was a slight bump in the markets because a was a slight bit of optimistic. >> companies are still doing things trying to prevent a loss. >> gm is the one absolutely nothing. this tells you that we're not all the same page. if everyone is saying what is true that a deal should get done. he is one of the people that people do not know the wall street do know him. >> some companies are paying out dividends early in anticipation that a deal may not be done. >> the famous one as wal- mart but we did see that disney is starting to pour their dividends. this gives us extra for the shareholders. this would be a good tax refund. i the clock is ticking and we have 33 days until the clift. we love numbers. if we can do it countdown will do with the this is the latest. >> hopefully they can get a deal done. >> lindsay lohan was arrested a gang for fighting. here she is she was released from jail this morning. she has a black jacket covering her
cliff. the president is trying to hammer things down. there was a slight bump in the markets because a was a slight bit of optimistic. >> companies are still doing things trying to prevent a loss. >> gm is the one absolutely nothing. this tells you that we're not all the same page. if everyone is saying what is true that a deal should get done. he is one of the people that people do not know the wall street do know him. >> some companies are paying out dividends early in...
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Nov 30, 2012
11/12
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it is more a fiscal mole hill next year than a fiscal cliff. but offsetting that is an economy which is firing on many more cylinders than it was a year ago. employment rate's coming down. bank lending rising, housing activity going up, confidence is down, debt burdens are down. in addition there is a lot of stimulus. money supply is growing rapidly. record low mortgage rates. we have the dollar down. we got gas prices falling at the pump for the holiday season. we've got inflation decelerating from where it was helping real incomes. i'm seeing a lot of evidence of china showing signs of new acceleration. we might get the emerging world doing better next year. we've certainly calmed down concerns about the eurozone. so i think there's a real case that we grow 3%, the emerging world picks up, and the valuation on equities rises -- >> even if we don't get a deal in taxes? we hear that the average family will pay $1,200 more in taxes over the year and it is going to doom the economy. it's instant recession. >> well, there's no doubt if we have com
it is more a fiscal mole hill next year than a fiscal cliff. but offsetting that is an economy which is firing on many more cylinders than it was a year ago. employment rate's coming down. bank lending rising, housing activity going up, confidence is down, debt burdens are down. in addition there is a lot of stimulus. money supply is growing rapidly. record low mortgage rates. we have the dollar down. we got gas prices falling at the pump for the holiday season. we've got inflation decelerating...
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Dec 7, 2012
12/12
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MSNBCW
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. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the lek and they are. guess what? they're changing the rules. some of them are proposing to republicans in pennsylvania and three other states obama won. they're trying to eliminate the winner take all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those aff
. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the lek and they are. guess what? they're changing the rules. some of them are...
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Nov 29, 2012
11/12
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CNBC
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but first -- >>> still to come with the fiscal cliff getting closer -- >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> we will help you rise above the rhetoric. former federal reserve vice chair alice rivlin, all that and much more on "squawk on the street." wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. serves as director of the national budget. recently served as a mechanical of the simpson bowles commission. you look lovely as always. i'm told you're wearing a rather important pin. >> yes, i have on the pin. i'm in favor of rising above all this part san ship and getting deal done. >> you think that's possible, but you're not sure what that can happen by year's end. you want to give your expecta
but first -- >>> still to come with the fiscal cliff getting closer -- >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> we will help you rise above the rhetoric. former federal reserve vice chair alice rivlin, all that and much more on "squawk on the street." wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're...
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Nov 29, 2012
11/12
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KRCB
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. >> susie: you don't feel the way that warren buffett does, who was saying that the fiscal cliff has nothing to do with his investment decisions. you're feeling much of of more of an impact on your day-to-day business? >> i'm looking more am i going to continue to grow outside of the u.s. or invest in my facilities in the u.s. in the main, that's still true, but you can't just act like everything is fine when it is not. and i don't know all of the details of his answer, but i can't imagine he said he is acting like nothing is going on out there. >> susie: so you talk about taxes, and taxes are at the center of all of these negotiations. are you open to new taxes? how would that impact your business? >> well, at the end of the day, we all recognize that we need entitlement reform in the country. that's actually the big nut. that's the thing that needs to happen. the only way you're going to get that, though, is by having some kind of tax increase.p4l& >> susie: well, i hope it all works out. thank you so much, david. we really appreciate your time. >> thank you, nice to be here. >> su
. >> susie: you don't feel the way that warren buffett does, who was saying that the fiscal cliff has nothing to do with his investment decisions. you're feeling much of of more of an impact on your day-to-day business? >> i'm looking more am i going to continue to grow outside of the u.s. or invest in my facilities in the u.s. in the main, that's still true, but you can't just act like everything is fine when it is not. and i don't know all of the details of his answer, but i can't...
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Nov 29, 2012
11/12
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FBC
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there is a real danger of going off the fiscal cliff. >> we are not going to kick the can down the road. we're going to finalize this this year. this is no time for delay. the american people want us to avoid the fiscal cliff with a balanced approach. liz: he said, he said. good afternoon, everybody. i am liz claman, "countdown to the closing bell" starts right now. you heard it from the horses mouth. and it has gyrated the market. john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big
there is a real danger of going off the fiscal cliff. >> we are not going to kick the can down the road. we're going to finalize this this year. this is no time for delay. the american people want us to avoid the fiscal cliff with a balanced approach. liz: he said, he said. good afternoon, everybody. i am liz claman, "countdown to the closing bell" starts right now. you heard it from the horses mouth. and it has gyrated the market. john boehner said no substantial progress on...
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Nov 29, 2012
11/12
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cliff before it goes too far down the road. do you think that is likely. >> i think the fiscal cliff issues are perhaps bigger than this one in the short term. in the long term because the implementation date is 2014 it will certainly be a factor to be considered. i do not see how you absorb these costs along with the expanded medicaid rolls that the act contemplates. bill: thank you for your time. nathan deal, republican out of georgia. appreciate you sharing your opinions with us. thank you, sir. arizona now number 17, martha. martha: those talks are actually going on right now on capitol hill trying to avert this fiscal cliff. lawmakers say that what they think needs to be done is a little bit of negotiating. >> frankly we need a plan from the president. republicans have put forward on multiple occasions a plan that would reform taxes, that would reform entitlements, that gets us where we need to go, we are still waiting for any ideas from the administration that would accomplish the same thing. martha: leadership from the p
cliff before it goes too far down the road. do you think that is likely. >> i think the fiscal cliff issues are perhaps bigger than this one in the short term. in the long term because the implementation date is 2014 it will certainly be a factor to be considered. i do not see how you absorb these costs along with the expanded medicaid rolls that the act contemplates. bill: thank you for your time. nathan deal, republican out of georgia. appreciate you sharing your opinions with us. thank...
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Nov 30, 2012
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remember, if we do go over the fiscal cliff that will take the whole market down, so you put this on a shopping list, because that could give you a terrific entry point. i think the housing cycle is so darn strong, it can trump the ills of the fiscal cliff, at least once it's sorted out. ultimately the cliff will be sorted out. of the three housing-related ipos, you need to be careful with zillow and trulia, the only one i will endorse is realogy, and only if it comes down to a level where it's cheap. how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, its current valuation a dollar beneath book value, isn't a.r.r. a great value? >> you know what? i have thought it was. this is another one of those real estate mortgage reits that i have somewhat been mystified about the price performance. someone asked about this on the street, and i said i think it should be doing better. i agree, i think it's an okay buy. john in oregon, please. >> caller: boo-yah, jimmy, how are you? >> boo-yah back at you
remember, if we do go over the fiscal cliff that will take the whole market down, so you put this on a shopping list, because that could give you a terrific entry point. i think the housing cycle is so darn strong, it can trump the ills of the fiscal cliff, at least once it's sorted out. ultimately the cliff will be sorted out. of the three housing-related ipos, you need to be careful with zillow and trulia, the only one i will endorse is realogy, and only if it comes down to a level where it's...
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Dec 3, 2012
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the risk of the fiscal cliff. i point out one thing though, on this weakness, if you believe japan in 2013 is going to be the sleeper equities market that some do, then you want to own tiffany. >> delta, simon? >> singapore airlines in their talk to sell virgin atlantic to delta. richard branson, don't do it. we'll be buying peanuts again in six months. >> southwestern energy getting a pop. >> stephanie brought this to my attention earlier. there is some chatter out there this could be a potential acquisition candidate. obviously, never a great thing to chase or a reason to buy a stock but maybe a good reason to do some research. it's about a $12 billion company can. little bit of chatter, little bit of a pop today. something worth keeping on your radar if you like energy stocks. >> and how about unicorns? they're getting a pop today. hold on. north korea says it's found a union core. the state run news agency says that kim jong-il shot is 11 holes in one in a single game of golf says the dwelling was once inhabit
the risk of the fiscal cliff. i point out one thing though, on this weakness, if you believe japan in 2013 is going to be the sleeper equities market that some do, then you want to own tiffany. >> delta, simon? >> singapore airlines in their talk to sell virgin atlantic to delta. richard branson, don't do it. we'll be buying peanuts again in six months. >> southwestern energy getting a pop. >> stephanie brought this to my attention earlier. there is some chatter out...
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fiscal cliff worries still weighing down the market. adam: deal or no deal, the federal government will still be flowing through trillions of dollars we do not have. it is all about spending. next. ♪ adam: today's jobs report beating estimates, 146,000 jobs created in november and the unemployment rate dropping to the lowest rate since december 2008 at 7.7%. nicole petallides on the floor of the new york stock exchange. welcome back, nicole. what's going on? >> thanks, adam and melissa. we're looking at a market holding onto some gains so that is obviously a positive sign. december is traditionally the a great month on wall street. the best month since back to 1950, s&p 500 best performing month, up 1.7%. here is as we see the divergence here's what we're seeing lately as there is so much concern about the fiscal cliff. the nasdaq is down about half a percent. the dow down half a percent. s&p also gaining. dow jones industrials up 59 points. some names leading the you way include caterpillar and jpmorgan. pulling other the way way, mi
fiscal cliff worries still weighing down the market. adam: deal or no deal, the federal government will still be flowing through trillions of dollars we do not have. it is all about spending. next. ♪ adam: today's jobs report beating estimates, 146,000 jobs created in november and the unemployment rate dropping to the lowest rate since december 2008 at 7.7%. nicole petallides on the floor of the new york stock exchange. welcome back, nicole. what's going on? >> thanks, adam and melissa....
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 30, 2012
11/12
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cliff but the susan rice. send her down there. send the cia down there. we are not moving and we are not going to let yougo get away with villinizing our administration a new obama going into the next 4iers. i am hoping we will see a lot more progressive reforms because of it. >> i hope you are right, too. we talked about this. something i want to get to at the top of the hour. obama has every reason right? to feel the power and exercise the power. every day -- i mean he won. okay? he won on november 6th, the popular vote the electoral vote overwhelmingly but i didn't realize there are still millions of votes still uncounted and every day, his margin keeps getting bigger and bigger and bigger. he is now a 51%, and romney is at 47%. there is something magic about the 47%. right? >> beautifully reviewed up. it's so good >> bill: the fact he ends up part of the 47%. obama, 51%. he beat romney by more than george bush beat john kerry in 2004. >> that's a solid, solid victory. he has a mandate. >> i think he defini
cliff but the susan rice. send her down there. send the cia down there. we are not moving and we are not going to let yougo get away with villinizing our administration a new obama going into the next 4iers. i am hoping we will see a lot more progressive reforms because of it. >> i hope you are right, too. we talked about this. something i want to get to at the top of the hour. obama has every reason right? to feel the power and exercise the power. every day -- i mean he won. okay? he won...
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Dec 6, 2012
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and, remember, the fiscal cliff is not really a cliff. even if we come to january 1st, it's more of a hill and they actually have a little bit more time than people are giving them credit for. and that's why i think the markets are not overreacting right now. >> there's this notion that you can go over the cliff and sort of go back, grandfather it in. but at the same time, for a company like general dynamics, at what point do you start getting concerned it will, in fact, at least impact that quarter? >> well, that's a good point. it certainly could impact the quarter if it goes for weeks or months, absolutely. and i think maybe even the bigger factor is i think you talked about it which is there will be volatility as we approach the cliff and go over the cliff. even if it's a few days or few weeks. there will be a lot of volatility in the markets. that could be buying opportunities for all of us that have some dry powder for which to deploy. we tend to be more long-term holders. we tend to buy stocks and hold them for years rather than we
and, remember, the fiscal cliff is not really a cliff. even if we come to january 1st, it's more of a hill and they actually have a little bit more time than people are giving them credit for. and that's why i think the markets are not overreacting right now. >> there's this notion that you can go over the cliff and sort of go back, grandfather it in. but at the same time, for a company like general dynamics, at what point do you start getting concerned it will, in fact, at least impact...
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Dec 3, 2012
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if we had a bipartisan, avoid the fiscal cliff and pay down the debt type of agreement it would be the best thing that could happen. the market would go up and we would be liking like our future was brighter than a lot of americans think it is today. >>neil: are you smoking anything at all? >>guest: drinking a little coffee. >>neil: quickly, senator, i know you have to go the congressional black caucus has come out with a statement saying, really, leave entitlements alone and focus on hiking taxes. that is the gist of the statement. what do you think of that? >>guest: it does not do it. hiring some people -- higher income people pay a disproportional share of the taxes. and they should. but if you bring the rates back to the rate before president bush it doesnot raise enough to get us to ball. you have to curb the increase in spending on the entitlement programs. if you don't do that, and they are the biggest driver of debt, so, the american people, i think, are ready for us to do something that looks according to conventional politics like a bad idea politically, but, actually, i thin
if we had a bipartisan, avoid the fiscal cliff and pay down the debt type of agreement it would be the best thing that could happen. the market would go up and we would be liking like our future was brighter than a lot of americans think it is today. >>neil: are you smoking anything at all? >>guest: drinking a little coffee. >>neil: quickly, senator, i know you have to go the congressional black caucus has come out with a statement saying, really, leave entitlements alone and...
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if it does come down a bit because of the fiscal cliff, that's small pockets. overall, in general in the country, we are seeing a firm price recovery. >> but the big issue there is, if we eliminate the mortgage tax deduction for people under $1 million, we could really get hurt. >> that's a great point. this is why everything is tied to this fiscal cliff. >> exactly. >> you take out the mortgage deduction, and the traction we saw on the housing market reverses course. >> totally. i don't see how we can give $8,000 credits one year and the next year we take away the mortgage tax detux. a little consistency would be nice. >> are high-end home prices, do you think, are they ever going to go back to where we were when we saw them at the peak? >> for the highest end of the market, yes. i think they'll go even above the peak. >> why do you believe that? >> because people looking at real estate really as an asset again. i think a lot of money is out of the markets and back in real estate. when you're getting 20% on your money, it's going to be in the markets. when you
if it does come down a bit because of the fiscal cliff, that's small pockets. overall, in general in the country, we are seeing a firm price recovery. >> but the big issue there is, if we eliminate the mortgage tax deduction for people under $1 million, we could really get hurt. >> that's a great point. this is why everything is tied to this fiscal cliff. >> exactly. >> you take out the mortgage deduction, and the traction we saw on the housing market reverses course....
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Nov 29, 2012
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for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats. executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a d
for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob...
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Nov 30, 2012
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as the clock ticks down to the fiscal cliff, might lieutenant biden help avert disaster? sam, you talked to republican on the hill and there's a lot of back and forth about how good of a negotiator the president and his emissaries are. i've been wondering where joe biden is on this, given his experience on the hill and whether he might be a more effective ambassador in this back and forth that we are having. >> yeah. i think so. keep in mind, he and eric cantor had lengthy conversations when we were doing this in a different incarnation many months ago and so, you know, the framework was there between these two guys, not just that, between the respective staffs. the problem, if there was one with respect to biden, at least as i think, is that the -- if you do need an emissary on the hill for democrats, it's probably going to be with the house democratic caucus. by that i mean john boehner will at some point have to decide if he can get something done with all of his caucus or part of his caucus or house democrats. at that point you need nancy pelosi to get some of those l
as the clock ticks down to the fiscal cliff, might lieutenant biden help avert disaster? sam, you talked to republican on the hill and there's a lot of back and forth about how good of a negotiator the president and his emissaries are. i've been wondering where joe biden is on this, given his experience on the hill and whether he might be a more effective ambassador in this back and forth that we are having. >> yeah. i think so. keep in mind, he and eric cantor had lengthy conversations...
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this stock will go down on a fiscal cliff situation. that might be the chance to buy the rest. "mad money" is back after the break. >>> every now and then a piece research comes along and blows your mind. forces you to reexamine assumptions you thought were etched in stone. that's how i feel about today's incredible goldman sachs upgrade of dell. not from hold to buy. but from sell to buy. initially i dismissed this piece, written by old hand bill shoep as sophistry. i was reacting to the headline report of the change of recommendation. what makes me so intrigued now? first there's nothing like being right and boy has he been right about this one. he took dell to a sell two years ago. stock dropped 31% versus a 14% gain in the s&p 500. if that doesn't grab your attention, i don't know what will. second he's not making outrageous claims with the upgrade, the stock was at $9 when he made the call and he's using a $13 target. shoep has been very much against investing in the deep-value hardware plays, and he's felt that forever. he's been all over the shift in mobility and cloud c
this stock will go down on a fiscal cliff situation. that might be the chance to buy the rest. "mad money" is back after the break. >>> every now and then a piece research comes along and blows your mind. forces you to reexamine assumptions you thought were etched in stone. that's how i feel about today's incredible goldman sachs upgrade of dell. not from hold to buy. but from sell to buy. initially i dismissed this piece, written by old hand bill shoep as sophistry. i was...
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Dec 3, 2012
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wheef been whipsawing up and down, based on fears about fiscal cliff. and hopes that we might get a possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the low capital gains tax that will likely go away come january. if we get a positive resolution to the fiscal cliff. you'll want to buy these stocks hand over fist. because then they'll really be air to roar. how have the anounted names done? >> amazon starteded at 259, pulled back to 220. before rebounding to 250, where it is right now. google has been pounded. it went from over 760 to below 660, but it's rebounded to 695. mastercard and visa, they took 25-point dives. i told to you buy them into weakness. falling from 475 to 450, and valued to 487. great ones to buy now. a dozen points where above where i recommended. that'
wheef been whipsawing up and down, based on fears about fiscal cliff. and hopes that we might get a possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the low capital gains tax that will likely go away come january....
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Dec 7, 2012
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towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework that includes raising the medicare eligibility age from 65 to 67 squeezing out savings from social security by changing the way inflation is calculated, and possible means testing that could disqualify wealthier, older americans from the medicare program. lawmakers insist any changes will be done gradually and will not impact current retirees, but that's not soothing the fears of seniors who say inflation adjustments will have an immediate impact. >> to tell somebody living on social security, and we have something in the order of one
towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework...
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Dec 6, 2012
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he sat down with tiffany and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessary because democrats and republicans are not coming together to solve the problem gives you a sense of the cost. >> tiffany used twitter to tell the president that her family can't afford the tax increase. back in washington, more gridlock. >> it up to the republicans to decide how long it is going to take. >> the president, he isn't interested in a balanced agreement. >> with both sides stuck on the tax hikes for the top 2%. >> i think it can be done before it does significant damage. >> he warns that they should have over a month to negotiate in 2013 before the economy falls a part. >> by mid-february it will do a lot of damage. >> anticipating the fiscal cliff and massive layoffs democrats called on lawmakers to extend jobless benefits that are going to expire this year. 25 days left, no deal yet. republican feel like they might be losing ground. the latest poll shows the majority of voters trust the president and the democratics on the issue. >> mustaches, all part of a p
he sat down with tiffany and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessary because democrats and republicans are not coming together to solve the problem gives you a sense of the cost. >> tiffany used twitter to tell the president that her family can't afford the tax increase. back in washington, more gridlock. >> it up to the republicans to decide how long it is going to take. >> the president, he isn't interested in a balanced...
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Nov 30, 2012
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that is dynamite. >> for the fiscal cliff. a dance off. >> thanks, simon. >> have a good weekend. >> you too. >>> let's check on energy and commodities. sharon epperson at the ime x this morning. >> not dancing down here carl but they are trying to figure out what is happening here with the u.s. fiscal cliff as well as in europe and in fact it is the situation in europe that really has helped to take the euro to a key level here right around 130 and that has helped some of the industrial commodities like oil and copper which are faring slightly better today. but only slightly. we're really not seeing much movement at all particularly when you look at the price of crude oil with bret crude right around $110 a barrel and wti futures under that 88.50 level. we haven't seen much movement in a whole week's time where we're basically where we were last friday. there has been of course volatility throughout the week. every headline that crosses about the fiscal cliff definitely sends traders fretting one way or another but there hasn
that is dynamite. >> for the fiscal cliff. a dance off. >> thanks, simon. >> have a good weekend. >> you too. >>> let's check on energy and commodities. sharon epperson at the ime x this morning. >> not dancing down here carl but they are trying to figure out what is happening here with the u.s. fiscal cliff as well as in europe and in fact it is the situation in europe that really has helped to take the euro to a key level here right around 130 and that...
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this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithne
this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the...
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Dec 7, 2012
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this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts and emergency unemployment benefits were originally passed on a temporary basis. the thinking was that the economy would be in much better shape by now and the policies could expire without causing a recession. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> i'm colonel will bourn stationed in kabul afghanistan. i'd like to send out a many are rei christmas to my wife and family and -- merry christmas to my wife and family in northern virginia. >>> we are gearing up for a
this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts...
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Dec 7, 2012
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potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking what would happen if your family had to pay another $2,200 next year in taxes? 100,000 people responded, including that northern virginia family that the president met with yesterday. they said $2,200 for them is a couple months' rent. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: the other big issue here on capitol hill, raising the debt limit. the president wants a new authority. mitch mcconnell filibustered his own bill. the senate minority leader filibustered his own bill that he had raised earlier about raising the debt ceiling. he called for a vote. democrats called his bluff and agreed to the vote. then he talked
potential impact they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with the details from washington. tracie, good morning to you. >> reporter: lynn, good morning. the white house has been all over social media with this one, asking what would happen if your family had to pay another $2,200 next year in taxes? 100,000 people responded, including that northern virginia family that the president met with yesterday. they said $2,200 for them is a...
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Dec 4, 2012
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i think we go into a recession with lots of layoffs and the fiscal cliff was designed to pr compromise. everyone knew about the growth. fewer jobs, larger deficit. as i said last night, it doesn't matter, we can pick our stocks and buy them down. ulta salons, but i want to suggest to other groups that are going to give you bang for the buck, betting that the hope will be squeezed out and the bottom gets put in before a deal is made. why not? we know the auto market is for 11 years now and we have been sweet on ford domestically. what are some of the other key areas. asia already turned. i think europe could be stablized. ford is the one to watch. i'm out blessing it. in europe i'm thinking that i'm excited about ford. we have ample evidence today that i'm right. the rates remained too low. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. that is fine. but what i hadn't heard is a demographic play, how the demographics are going to take over. household formation is unnatural and because of the great resection. well, f
i think we go into a recession with lots of layoffs and the fiscal cliff was designed to pr compromise. everyone knew about the growth. fewer jobs, larger deficit. as i said last night, it doesn't matter, we can pick our stocks and buy them down. ulta salons, but i want to suggest to other groups that are going to give you bang for the buck, betting that the hope will be squeezed out and the bottom gets put in before a deal is made. why not? we know the auto market is for 11 years now and we...
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at the fiscal cliff which is closing the market again. most of us didn't think this year should have been a stronger year that it turned out to be so facebook was a big disappointment and the trading of these ideas was challenging and we think that is something the market has to deal with. cheryl: mike was 12 years ago. kathy smith, thank you very much. i do want to show you something happening in the markets as the dow, we are sitting actually at session highs. we are pushing session highs. futures have a negative open with the jobs report and the story changed. closing bell is going to ring in 17 minutes. of head of the fiscal cliff, investors looking for a short thing. after the break, going to be back with stocks that might be the right fit for you. calls them sexy, not sexy. sexy and save. we will ask when she comes back. there is no mass-produced hun. every human beg is unique. and there is one store that recognizes it. the sleep nuer sto. the only place in the world you'll find the extraordinarily comfortable sleep number experienc
at the fiscal cliff which is closing the market again. most of us didn't think this year should have been a stronger year that it turned out to be so facebook was a big disappointment and the trading of these ideas was challenging and we think that is something the market has to deal with. cheryl: mike was 12 years ago. kathy smith, thank you very much. i do want to show you something happening in the markets as the dow, we are sitting actually at session highs. we are pushing session highs....